AB 480

  • California Assembly Bill
  • 2009-2010 Regular Session
  • Introduced in Assembly
  • Passed Assembly Jun 02, 2009
  • Senate
  • Governor

Bond acts: auditing.

Bill Subjects

Bond Acts: Auditing.


The existing State General Obligation Bond Law contains procedures for use in authorizing the issuance and sale and providing for the repayment of state general obligation bonds and requires any state general obligation bond measure to be subject to the making, at least annually, of a specified report, by the head of the lead state agency administering the bond proceeds, to the Legislature and the Department of Finance. This bill would require any state bond measure approved by the voters on or after January 1, 2010, to include auditing provisions with respect to the use of any bond moneys that would be spent for the purposes of the bond measure. The bill would authorize the Bureau of State Audits to conduct periodic audits to ensure that bond proceeds are awarded in a timely manner and that recipients of bond moneys use the funds in compliance with applicable provisions of law. The bill would require that the costs associated with the audit be reimbursed by the bond proceeds.

Bill Sponsors (1)



Nov 30, 2010


From Senate committee without further action.

Aug 27, 2009


In committee: Held under submission.

Aug 17, 2009


In committee: Placed on Appropriations suspense file.

Jul 08, 2009


From committee: Do pass, and re-refer to Com. on APPR with recommendation: To Consent Calendar. Re-referred. (Ayes 11. Noes 0.) (July 8).

Jun 18, 2009


Referred to Com. on G.O.

  • Referral-Committee
Com. on G.O.

Jun 03, 2009


In Senate. Read first time. To Com. on RLS. for assignment.

Jun 02, 2009


Read third time, passed, and to Senate. (Ayes 78. Noes 0. Page 1952.)


Read second time. To third reading.

Jun 01, 2009


Read second time and amended. Ordered returned to second reading.

May 29, 2009


From committee: Amend, and do pass as amended. (Ayes 17. Noes 0.) (May 28).

May 06, 2009


In committee: Set, first hearing. Referred to APPR. suspense file.

  • Referral-Committee
APPR. suspense file. APPR

Apr 22, 2009


From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 11. Noes 0.) (April 21).

Apr 16, 2009


Re-referred to Com. on B. & P.

  • Referral-Committee
Com. on B. & P.

Apr 14, 2009


From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & P. Read second time and amended.


In committee: Set, first hearing. Hearing canceled at the request of author.

Mar 16, 2009


Referred to Com. on B. & P.

  • Referral-Committee
Com. on B. & P.

Feb 25, 2009


From printer. May be heard in committee March 27.

Feb 24, 2009


Read first time. To print.

Bill Text

Bill Text Versions Format
02/24/09 - Introduced PDF
04/14/09 - Amended Assembly PDF
06/01/09 - Amended Assembly PDF

Related Documents

Document Format
No related documents.


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